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TomTom reports third quarter 2012 results

Oct 30, 2012
TomTom reports third quarter 2012 results

Financial headlines

  • Group revenue of €274 million, down 19% year on year
  • Gross margin of 55%, up 4 percentage points year on year
  • Total operating expenses of €118 million, down 10% year on year
  • EBIT margin 12%, flat year on year
  • Adjusted EPS of €0.14 compared to €0.18 in the prior year
  • Net cash flow from operating activities of €50 million; €70 million in the prior year
  • Net debt reduced to €153 million compared to €194 million at the start of the year

Operational headlines

  • Global content, software and services agreement with PSA Peugeot Citroën
  • Mazda and Fiat relationships expanded with Mazda6 and Abarth models
  • Navigation app for Android smartphones launched
  • Growth of WEBFLEET subscriber base to 223,000, up 39% year on year

Outlook full year 2012

  • Revised revenue guidance of around €1.05 billion reflecting the impact of the macro-economic conditions in Europe on the automotive industry; guidance for adjusted EPS of around €0.35 maintained

View the full TomTom reports third quarter 2012 results release in PDF format